Monday, April 06, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-APR06/2020

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-VOLATILITY (HI/LO PRICE RANGE LENGTH)-ACTIVITY-TREND-TARGETS
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCK20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.50MMT
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(332-473).
TRADING DOWN-LESS VOLATILITY-NET SELLING-ON LONGER TERM TREND-BELOW 334-  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADED FLAT-LESS VOLATILITY-NET BUYING-ALONG TREND-SUPPORT@850 PREVAILING-CLOSED UP. 
TARGETS/(907 (878-850) 821)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADING UP-LESS VOLATILITY-NET BUYING-OFF TREND-RESISTANCE@557 TESTED-CLOSED UP@557.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP. OPEN INTEREST-DOWN/DRIFTING. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED FLAT-MORE VOLATILITY-NET BUYING-RESISTANCE@TREND/7109 PREVAILING.
TARGETS/(6933 (7021-7109)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

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